Form 4: Fortune Brands Innovations EVP, CFO & President Security David V. Barry Reports Share Withholding for Taxes

David V. Barry, EVP, CFO & President Security of Fortune Brands Innovations, reports withholding of 2,838 common stock shares to cover taxes upon vesting of an award.

Summary

• On February 28, 2025, David V. Barry, EVP, CFO & President Security of Fortune Brands Innovations, had 2,838 shares of common stock withheld by the issuer to cover withholding taxes.
• The price per share for the transaction was $64.72.
• Following the transaction, Barry directly owns 24,647 shares of common stock and indirectly owns 2,512 shares held by a Retirement Savings Plan.
• The direct holdings include 14,752 restricted stock units that have not yet vested.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing a standard transaction (share withholding for taxes). It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency of insider transactions.
• Similar filings are made by officers and directors of companies like Stanley Black & Decker (SWK) and Masco Corporation (MAS), which operate in related industries, whenever they trade their company's stock.
• The details disclosed in this filing are consistent with the level of information expected in such reports, including transaction dates, share quantities, and prices.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.

Key Dates